The U.S. stock indexes have recently hit record highs and the bulls are in firm near-term technical control. Bullish weekly high closes this Friday, or close to it, would signal another solid leg up in the indexes in the coming few weeks. Remember, however, that we are in the historically turbulent months of September and October. The major U.S. stock market crashes have mostly occurred in late September or October. Still, technicals are suggesting sideways to higher price action in the U.S. stock indexes, until there is a bearish near-term chart signal to suggest otherwise. Stay tuned!–Jim
